The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increase in renewable energy generation are expected to drive innovation in energy as a service manufacturing, thus driving the market during the forecast period.

The global energy as a service market is expected to grow from $57.32 billion in 2022 to $64.28 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The energy as a service market size is expected to grow to $100.17 billion in 2027 at a CAGR of 11.7%.

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Global Energy As A Service Market Segments Include:

• By Component:Solutions, Services
• By End-User:Commercial, Industrial
• By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global energy as a service market in 2021.

Major Market Players in the energy as a service market include Schneider Electric SE, Engie SA, Siemens AG, Honeywell International Inc., Veolia Environnement S.A, Enel X, EDF Renewable Energy, Johnson Controls International.

Partnerships and agreements among companies are key trends gaining popularity in the energy as a service market. The companies operating in the energy as a service market are undergoing partnerships and agreements to meet consumer demand. For instance, in August 2021, the Engie group signed an agreement with Google LLC, a US-based multinational technology company, to provide carbon-free electricity in Germany. The agreement will help Google meet its carbon-free energy goals for its data centers, cloud regions, and offices throughout the world by 2030. Engie will assemble and negotiate an energy portfolio to supply Google with renewable energy (solar and wind) to ensure that all of its German activities are approximately 80 percent carbon-free by 2022. Engie SA is a France-based utility company that operates in the fields of the energy transition, electricity generation, distribution, natural gas, nuclear, renewable energy, and petroleum. Also, in August 2020, Schneider Electric partnered with Huck Capital to deliver energy-as-a-service, enabling commercial buildings to easily convert to renewable energy. The partnership provides a unique approach for building owners and operators that wish to migrate to renewable energy to reduce emissions, boost resiliency, and lower costs without investing in renewable energy assets or relying on specialists to operate the microgrid. Schneider Electric is a France-based company that provides energy and automation digital solutions.

The Energy As A Service Global Market Report 2023 provides a energy as a service market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The energy as a service market forecast analyzes energy as a service market size, energy as a service market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The energy as a service market consists of sales of energy as a service solutions and services by entities (organizations, sole traders, and partnerships) that are used for the management of energy usage to deliver the desired energy service. Energy-as-a-service (EaaS) is a business concept in which clients pay for energy services without having to spend any money upfront. EaaS models often take the form of a subscription for a service company’s electrical devices or energy usage management to supply the desired energy service.

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